Jakarta. Indonesia, the largest producer of crude palm oil, has decided to stifle its palm oil export over the next six months in a move designed for taming the cooking oil scarcity within its border, sending the commodity price to a new all-time high. Indonesia has been faced with irony for several weeks now. Despite being responsible for production for […]
Read MoreThe baht opened at 33.00 to the US dollar on Thursday, strengthening from Wednesday’s close of 33.06. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 32.85 and 33.10 during the day. Poon said the baht might begin to strengthen as the market was open to more risks. Foreign investors are […]
Read MorePLANTATION growers in Malaysia are the “clear winners” amid the increasingly widening difference in crude palm oil (CPO) prices with Indonesia, Maybank Research said in a report on Thursday (Mar 10). Indonesia’s domestic market obligation (DMO), which mandated exporters to set aside a portion of their shipments to ensure sufficient and affordable domestic supply, has […]
Read MoreSINGAPORE’S antitrust authorities are keeping a close watch to ensure petrol companies do not profiteer from the recent surge in crude oil prices that has occurred after war broke out in Ukraine, said Second Minister for Trade and Industry Tan See Leng on Thursday (Mar 10). Responding to a parliamentary question from Sembawang GRC MP […]
Read MoreWhile some people support the Ministry of Finance’s (MOF) plan to tax houses, others warn that taxation is not feasible and this may bring the opposite effect. New taxes will be heaped on existing taxes, Le Hoang Chau, Chair of the HCM City Real Estate Association (HOREA) has warned. Chau said it would be a […]
Read MoreAuthorities are to increase fuel prices yet again tomorrow as the conflict in Ukraine pushes prices upward. The price of fuels will be increased across the country tomorrow morning, according to the Ministry of Industry and Commerce. Tomorrow’s adjustment will be the fifth fuel price increase in Laos this year. Premium petrol will be increased […]
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Thailand
